Vector I like what you are thinking. Initially my thoughts were...

Vector I like what you are thinking.

Initially my thoughts were that if we were to go to 2.5MTpa with the same 25 year outlook from the same high-grade resource, we would be processing a lot more nickel relatively vs the base cases towards the second half of that 25 year timeframe (assuming no new cobalt deposits found), and that the cobalt credits would drop as a result. Meaning higher relative costs for our nickel at some point, assuming today's prices then, and reduced profitability.

However, simply increasing the output over a smaller time horizon (12-15 yrs +-) (residence time as you say), from the same approx high-grade cobalt resource we are already looking at, would see the immediate cashflow rise in the first 12 odd years.

It does depends if we could keep CAPEX comparable to a base case (not sure about that one - namelpate capacity etc, maybe somebody in mining could weigh in), as then only indirect costs rise in proportion to increased mining output.

NPV must rise as we wouldn't suffer the time-value loss in today's value from income in years 15-25 if we ar receiving it earlier.

My thoughts only and happy for others to weigh in with better knowledge.

[HAC30 all good, I always appreciate the renegade datarist, but just keep it a bit respectful. Seriously go the AVQ blogs, and you will see the difference compared to the ARL postings!]